The Collaborative Robots Global Market Report 2023, provides comprehensive information on the collaborative robots market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Collaborative Robots Global Market Report 2023, the global collaborative robots market size is expected to grow from $1.99 billion in 2022 to $2.58 billion in 2023 at a compound annual growth rate (CAGR) of 29.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global collaborative robots market size is expected to reach $7.11 billion in 2027 at a CAGR of 28.9%.

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Product innovations are a key trend gaining popularity in the collaborative robot market. Major companies operating in the collaborative robot market are focused on developing new technological solutions to strengthen their position. For instance, in February 2021, ABB Group, a Switzerland-based technology company operating in electrification and automation, launched two new-generation cobots, GoFa and SWIFTI. It is uniquely designed to allow users to program and re-program the new robots while operating a tablet or smartphone. They are engineered with on-call and online service experts that help to use and configure them and offer higher payloads and speeds to unlock industries that have low levels of automation. They are expected to help businesses accelerate automation by operating within minutes of installation, straight out of the box.

The collaborative robots market is segmented:
1) By Component: Hardware, Software
2) By Payload Capacity: Up to 5kg, Up to 10kg, Above 10kg
3) By Application: Assembly, Pick And Place, Handling, Packaging, Quality Testing, Gluing And Welding, Other Applications
4) By Vertical: Automotive, Food And Beverage, Furniture, Plastic And Polymers, Metal And Machinery, Electronics, Pharmaceuticals, Other Verticals

Asia-Pacific was the largest region in the collaborative robots market in 2022.

The table of contents in TBRC’s collaborative robots market report includes:
1. Executive Summary
2. Collaborative Robots Market Characteristics
3. Collaborative Robots Market Trends And Strategies
4. Collaborative Robots Market - Macro Economic Scenario
5. Collaborative Robots Market Size And Growth
.....
26. Africa Collaborative Robots Market
27. Collaborative Robots Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Collaborative Robots Market
29. Collaborative Robots Market Future Outlook and Potential Analysis
30. Appendix

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